Wireless Charging Market – Dynamics, Comprehensive Analysis, Business Growth, Prospects and Opportunities 2023

New York City, 07 February 2019: The Wireless Charging Market is anticipated to reach around USD 95.6 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the consumer electronics segment dominated the global market in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global wireless charging market revenue during the forecast period.

The wireless charging market has substantial potential for the present and future applications, owing to the rise in the mobile phone usage across the world, especially emerging regions such as India, China and South-East Asia. The growing demand for mobile devices and consumer goods drives the growth of the market during the forecast period. The wireless charging market is expected to grow significantly during the forecast period owing to increasing popularity of electric vehicles. Wireless charging has multiple applications in the EV technology including fuel supply, and in-car electronics. However, factors such as lack of standardization of mobile devices and their charging potentials, longer charging duration, and limited portability hamper the market growth to a certain extent. Growing demand from emerging economies, increasing adoption of IoT and smart devices are expected to provide numerous growth opportunities in the coming years.

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 Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global wireless charging market throughout the forecast period. The economic growth in countries such as China and India, leading to rising living standards and high disposable income has increased the penetration of smart phones and other mobile devices in the region, thereby increasing the demand for wireless charging. The increasing environmental concerns and depletion of traditional fuel sources have encouraged consumers to use electric vehicles in the region. China exhibits the highest penetration of electric vehicles, which supports market growth of wireless charging.

The key players operating in the market include Integrated Device Technology, Mojo Mobility, Powercast Corp., Texas Instruments, Energizer Holdings, Leggett & Platt, Incorporated, Qualcomm Incorporated, Powermat Technologies Ltd., ConvenientPower, and Murata Manufacturing Co. Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Read More: https://www.polarismarketresearch.com/industry-analysis/wireless-charging-market

Wireless In-flight Entertainment (W-IFE) Market: Business Growth Analysis & Key Market Driver

New York City, 22 January 2019: The Report "Wireless In-flight Entertainment (W-IFE) Market [(By Product Type (Embedded IFE, Portable IFE, Overhead IFE, Wireless IFE); By Fitment Type (Linefit and Retrofit); By Aircraft Type (Narrow Body, Wide-Body); By Hardware (IFE Systems, Display Units, Modems, WAPs, Others); By Technology (Ku-Band, Ka-Band, L-Band, ATG); By Regions]: Market Size & Forecast, 2017 – 2026"According to a new study published by Polaris Market, the global Wireless In-flight Entertainment market is anticipated to reach USD 3,638 billion by 2026. 

The market growth of wireless in-flight entertainment market is highly propelled by the increasing trend of BYOD among people in both developed and developing economies. Also, rising preference of people to use their own devices onboard has also complemented the market growth. The services offered by the wireless in-flight entertainment systems are easily accessible on the passengers’ personal devices as well as portable media interface devices provided by the airline.

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The market for wireless inflight is segmented on the basis of aircraft into narrow-body, and wide-body. The narrow-body aircraft is expected to dominate the market for wireless in-flight entertainment market and is anticipated to continue its dominance during the projected period. The growth of this segment is due to the increasing demand for narrow-body aircrafts for short-distance routes. Furthermore, the regional jet segment is expected to grow at a high pace during the projected period as airlines globally are upgrading their regional jet fleets with wireless in-flight entertainment systems.

Moreover, the market is also segmented into product, fitment, hardware, and technology. The product segment is further divided into embedded IFE, portable IFE, overhead IFE, and wireless IFE. The fitment segment is categorized into linefit and retrofit. The retrofit market of wireless in-flight entertainment is anticipated to be the fastest growing segment during the projected period of 2017-2026. This growth is attributed to the increasing adoption of retrofit wireless in-flight entertainment systems by the airlines, as it benefit the airlines to reduce overall flight weight and increases profit margin along with providing improved passenger experience.

North America is the leading the market for wireless in-flight entertainment owing to high spending capacity of people for air travels resulting in their increased demand for better passenger experience. The Asia Pacific region, which comprises of several developing economies, is facing a tremendous growth in its airline industry due to increased spending capability of the population resulting in increased air travel. Also, the airline industry in Asia Pacific is highly competitive thus, airline companies are investing significantly to provide updated technology for enhancement of passenger experience. Major industry players include Gogo Inc., Bluebox Avionics Ltd, Inflight Dublin, Ltd, Panasonic Corporation, Lufthansa Systems GmbH, SITA OnAir, Rockwell Collins Inc., Thales Group S.A., Zodiac Aerospace SA, and BAE Systems PLC.

Read More: https://www.polarismarketresearch.com/industry-analysis/wireless-in-flight-entertainment-market/